Formation of Foreign Economic Potential of the Region as a Factor of Competitive Development of the Territory

International Journal of Management, 11 (5), 2020, pp. 590-601.

12 Pages Posted: 13 Jul 2020

See all articles by Petro Gudz

Petro Gudz

Department of Management, National University "Zaporizhzhya Polytechnic", Zaporizhzhia, Ukraine

Yaroslav Oliinyk

Department of Economic and Social Geography, Taras Shevchenko National University of Kyiv, Ukraine

Iryna Shkurupska

Department of Marketing, Odessa National Economic University, Odessa, Ukraine

Viacheslav Ivanchenkov

Department of Accounting and Audit, Odessa National Academy of Food Technologies, Odessa, Ukraine

Olga Petrenko

Department of Economic Theory and Economics of Enterprises, Odessa State Agrarian University, Odessa, Ukraine

Yurii Vlasenko

Department of Economic Theory, National University of Life and Environmental Sciences of Ukraine, Kyiv, Ukraine

Date Written: 2020

Abstract

The article considers the main aspects of the formation of the foreign economic potential of the region as a factor of competitive development of the territory. The method of assessment of competitive development of the area and principles of realization of the foreign economic potential of the region is offered. To predict the structure of the region's foreign trade turnover is proposed to use the gravitational models of J. Tinbergen and H. Linneman. The article considers and defines the nature and prospects of the region's foreign economic relations with partner countries. It is shown that the use of the gravitational model to calculate the foreign trade turnover of the region provides an opportunity not only to forecast its future indicators, but also to determine areas for export-import relations and development of the region, which affects the level of the economic potential of the region and, consequently, its competitiveness.

Keywords: Region’s Economic Potential, Region’s Competitiveness, Competitive Development of the Territory, Foreign Trade Turnover of the Region

Suggested Citation

Gudz, Petro and Oliinyk, Yaroslav and Shkurupska, Iryna and Ivanchenkov, Viacheslav and Petrenko, Olga and Vlasenko, Yurii, Formation of Foreign Economic Potential of the Region as a Factor of Competitive Development of the Territory (2020). International Journal of Management, 11 (5), 2020, pp. 590-601., Available at SSRN: https://ssrn.com/abstract=3630819

Petro Gudz (Contact Author)

Department of Management, National University "Zaporizhzhya Polytechnic", Zaporizhzhia, Ukraine ( email )

66, Zhukovskogo Str.
Zaporozhye, 69600
Ukraine

Yaroslav Oliinyk

Department of Economic and Social Geography, Taras Shevchenko National University of Kyiv, Ukraine ( email )

вул. Володимирська, 60
Kyiv, 01601
Ukraine

Iryna Shkurupska

Department of Marketing, Odessa National Economic University, Odessa, Ukraine ( email )

8, Preobrazhenskaya str.
Odessa, 65082
Ukraine

Viacheslav Ivanchenkov

Department of Accounting and Audit, Odessa National Academy of Food Technologies, Odessa, Ukraine ( email )

Kanatna St, 112
Odesa, 65000
Ukraine

Olga Petrenko

Department of Economic Theory and Economics of Enterprises, Odessa State Agrarian University, Odessa, Ukraine ( email )

odessa
Ukraine

Yurii Vlasenko

Department of Economic Theory, National University of Life and Environmental Sciences of Ukraine, Kyiv, Ukraine ( email )

Heroiv Oborony St, 15
Kyiv, 02000
Ukraine

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
9
Abstract Views
234
PlumX Metrics